When I first looked at the charts for gold and silver I thought that today would be a real test of the recent ECU price.

Yesterday gwr posted the ECU short data. It showed a HUGE increase in the latest reported ECU short sales. So it seems that no matter who you are, you would holdoff on sales of ECU for the shorts to get squeezed and the price to move strongly in this rising silver market. The one exception is if the shorts and the current low ball sellers are the same .

But that doesn't make sense either, as the short position could just be made up by seling yourself shares from your huge position. I guess I am not smart enough to be a crook!